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Bernard and Denice are preparing their statement of financial position. Currently, they have short-term assets of $15,000, long-term assets of $150,000, short-term debt of $12,000,
Bernard and Denice are preparing their statement of financial position. Currently, they have short-term assets of $15,000, long-term assets of $150,000, short-term debt of $12,000, and long-term debt of $125,000. Based on the information provided, what is the Bernard and Denice's current ratio?
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To calculate Bernard and Denices current ratio you need to divide their total shortterm asset...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
